<PAGE>
Exibit 20.1
Page 1 of 3
Navistar Financial 1996 - A Owner Trust
For the Month of August 2000
Distribution Date of September 15, 2000
Servicer Certificate #52
<TABLE>
<S> <C>
Original Pool Amount $459,943,869.53
Beginning Pool Balance $28,714,898.36
Beginning Pool Factor 0.0624313
Principal and Interest Collections:
Principal Collected (Incl. Servicer Advance Repay) $3,932,554.22
Interest Collected $185,227.25
Additional Deposits:
Repurchase Amounts $0.00
Final Purchase of Receivables $24,627,599.97
Liquidation Proceeds / Recoveries $49,711.60
Total Additional Deposits $24,677,311.57
Repos / Chargeoffs $154,744.17
Aggregate Number of Notes Charged Off 72
Total Available Funds $28,795,093.04
Ending Pool Balance $0.00
Ending Pool Factor 0.0000000
Servicing Fee $23,929.08
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $9,613,845.36
Target Percentage 10.00%
Target Balance $0.00
Minimum Balance $0.00
(Release) / Deposit ($9,613,845.36)
Ending Balance $0.00
Current Weighted Average APR: 8.748%
Current Weighted Average Remaining Term (months): 8.22
<CAPTION>
Delinquencies Dollars Notes
<S> <C> <C> <C>
Installments: 1 - 30 days $341,032.52 269
31 - 60 days $136,811.06 75
60+ days $137,884.00 32
Total: $615,727.58 280
Balances: 60+ days $1,010,788.65 32
Memo Item - Reserve Account
Prior Month $9,658,821.26
+ Invest. Income $51,354.29
+ Excess Serv. $0.00
+ Transfer (to) / from Collections Account ($96,330.19)
Beginning Balance $9,613,845.36
</TABLE>
<PAGE>
Exhibit 20.1
Page 2 of 3
Navistar Financial 1996 - A Owner Trust
For the Month of August 2000
<TABLE>
<CAPTION>
NOTES
(Money Market)
TOTAL CLASS A - 1 CLASS A - 2 CERTIFICATES
<S> <C> <C> <C> <C>
$459,943,869.53 $92,000,000.00 $347,245,000.00 $20,698,869.53
Original Pool Amount
Distributions:
Distribution Percentages 0.00% 95.50% 4.50%
Coupon 5.250% 6.350% 6.500%
Beginning Pool Balance $28,714,898.36
Ending Pool Balance $0.00
Collected Principal $28,560,154.19
Collected Interest $185,227.25
Charge - Offs $154,744.17
Liquidation Proceeds / Recoveries $49,711.60
Servicing $23,929.08
Cash Transfer from Reserve Account $96,330.19
Total Collections Avail for Debt Service $28,867,494.15
Beginning Balance $28,714,898.36 $0.00 $23,545,899.74 $5,168,998.62
Interest Due $152,595.79 $0.00 $124,597.05 $27,998.74
Interest Paid $152,595.79 $0.00 $124,597.05 $27,998.74
Principal Due $28,714,898.36 $0.00 $23,545,899.74 $5,168,998.62
Principal Paid $28,714,898.36 $0.00 $23,545,899.74 $5,168,998.62
Ending Balance $0.00 $0.00 $0.00 $0.00
Note / Certificate Pool Factor 0.0000 0.0000 0.0000
(Ending Balance / Original Pool Amount)
Total Distributions $28,867,494.15 $0.00 $23,670,496.79 $5,196,997.36
Interest Shortfall $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00
Total Shortfall $0.00 $0.00 $0.00 $0.00
(required from Reserve)
Excess Servicing $0.00
(see Memo Item - Reserve Account)
Beginning Reserve Acct Balance $9,613,845.36
(Release) / Draw ($9,613,845.36)
Ending Reserve Acct Balance $0.00
</TABLE>
<PAGE>
Exhibit 20.1
Page 3 of 3
Navistar Financial 1996 - A Owner Trust
For the Month of August 2000
Trigger Events:
A) Loss Trigger - Reserve Account Balance
Loss Trigger - Certificate Lockout Event
B) Delinquency Trigger
C) Noteholders Percent Trigger
<TABLE>
<CAPTION>
6 5 4 3 2 1
Mar-00 Apr-00 May-00 Jun-00 Jul-00 Aug-00
<S> <C> <C> <C> <C> <C> <C>
Beginning Pool Balance $45,557,777.01 $40,299,291.66 $37,245,897.10 $34,536,723.61 $31,876,085.25 $28,714,898.36
A) Loss Trigger:
Principal of Contracts
Charged Off $23,449.13 $69,126.54 $31,464.84 $13,394.69 $3,509.48 $154,744.17
Recoveries $29,849.77 $11,064.22 $87,826.70 $44,269.43 $3,431.05 $49,711.60
<CAPTION>
Loss Trigger - Reserve Account Balance Loss Trigger - Certificate Lockout Event
<S> <C> <C> <C>
Total Charged Off (Months 5, 4, 3) $113,986.07 Total Charged off (Months 1 - 6) $295,688.85
Total Recoveries (Months 3, 2, 1) $97,412.08 Total Recoveries (Months 1 - 6) $226,152.77
Net Loss / (Recoveries) for 3 Mos $16,573.99(a) Net Loss/(Recoveries) for 6 Mos. $69,536.08(c)
Total Balance (Months 5, 4, 3) $112,081,912.37(b) Total Balance (Months 1 - 6) $218,230,672.99(d)
Loss Ratio Annualized [(a/b) * (12)] 0.1774% Loss Ratio Annualized [(c/d) (12 0.3824%
Trigger: Is Ratio > 1.5% No Trigger: Is Ratio > 6.0% No
<CAPTION>
Jun-00 Jul-00 Aug-00
<S> <C> <C> <C> <C>
B) Delinquency Trigger: $1,224,327.60 $1,191,596.01 $1,010,788.65
Balance delinquency 60+ days 3.54500% 3.73821% 3.52008%
As % of Beginning Pool Balance 2.23290% 2.92225% 3.60110%
Three Month Average
Trigger: Is Average > 2.0% Yes
C) Noteholders Percent Trigger: 0.0000%
Ending Reserve Account Balance
not less than 1% of Initial Aggregate
Receivables Balance
Trigger: Is Minimum < 1.0% Yes
</TABLE>
Navistar Financial Corporation
by: /s/ R. W. Cain
R. W. Cain
Vice President and Treasurer
